American Telco Giant AT&T Starts Accepting Crypto Payments

AT&T claims it has become the first major U.S. mobile carrier to provide a cryptocurrency payment option to customers.

The company announced on Thursday that its subsidiary, AT&T Communications has partnered with major cryptocurrency payment processor BitPay in order to process crypto payments.

“We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer,” Kevin McDorman, vice president, AT&T Communications Finance Business Operations, was quoted as saying in the announcement.

Revenues of the company, which is made up of three divisions (AT&T Business, Mobility & Entertainment, and Technology & Operations,) stood at USD 170 billion in 2018.

BitPay collects and deposits all payments processed from the previous business day directly to a bank account or cryptocurrency wallet, according to the website of the company. AT&T did not specify its preferences.